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Research Alert: Newmont Posts Strong Q1 Beat Driven By Record Gold Price

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Newmont reported Q1 adj. EPS of $2.90, beating consensus by $0.73 (33%) and up from $1.25 in Q1 2025, driven by a 66% surge in realized gold prices to $4,900/oz. Revenue rose 46% to $7.3B (11% above consensus) while adjusted EBITDA nearly doubled to $5.2B, despite attributable production declining 15% to 1.30M ounces due to planned mine sequencing. We believe the results demonstrate significant operating leverage in NEM's business model during elevated gold price environments, with price appreciation offsetting volume declines. Management reaffirmed 2026 production guidance of 5.3M ounces despite lower Q1 volumes, with production weighted 52% to the second half. The company completed its $6.0B share repurchase authorization and announced an additional $6.0B program, ending Q1 with $8.8B cash and a net cash position of $3.2B. We view the combination of a fortress balance sheet strength, disciplined capital allocation, and resumption of production growth beyond 2026 as supporting the long-term value proposition.

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Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of Baker Hughes

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